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Last week in media: AT&T provides details on HBO Max, Facebook makes a 'relief rally' and comScore sets a new YTD low

2019-07-15 07:00:00| Telecompaper Headlines

(Telecompaper) AT&T provided the market with some details on its upcoming streaming video service. Press reports broke the news of Facebook settling with the FTC on its privacy breach issue with Cambridge Analytica. Facebook investors were relieved, as the stock went up 4.3 percent. The internet platform majors were getting ready to be heard by US politicians next week. The political headwinds apparently have already been discounted, since the Alphabet stock was up 1.2 percent. ComScore lost another 13 percent, making it the worst performer in our index from a year-to-date perspective: -68 percent. Last week's winner was Prisa (+6.5%), followed by Twitter (+4.4%) and Facebook.

Tags: new media details low

Category:Telecommunications

Cell C hires consultants to probe practices, advise on restructuring

2019-07-12 14:04:00| Telecompaper Headlines

(Telecompaper) South African operator Cell C said in an open letter that it has hired consultants to probe its business practices for any irregularities and to advise on restructuring. CEO Douglas Craigie Stevenson said Cell C has appointed law firm Bowmans to investigate any parts of the business where the operator suspects there may be irregular practices. It has also hired PwC for a full procurement audit and review of processes. 

Tags: cell practices consultants probe

Category:Telecommunications

Proximus, Orange Belgium pave way for future mobile network sharing joint venture

2019-07-12 08:51:00| Telecompaper Headlines

(Telecompaper) Belgian mobile providers Proximus and Orange Belgium have signed a deal that paves the way for a mobile access network sharing agreement by the end of the year. The companies expect the term sheet agreement, which will eventually create a joint venture, to increase the quality of the mobile network, provide deeper indoor coverage and allow a faster and more comprehensive deployment of 5G in the country.

Tags: future network mobile orange

Category:Telecommunications

France adopts 3% digital services tax, attracting US ire

2019-07-11 14:13:00| Telecompaper Headlines

(Telecompaper) France's Senate has adopted the 3 percent tax on revenues made in France by digital services providers such as Google, Apple, Facebook or Amazon, Le Monde reported. The US govt says it will investigate the tax and make sure it does not unfairly target US companies. French Finance Minister Bruno Le Maire said earlier that while some US companies would certainly be subject to the tax, the legislation is in general aimed at around 30 companies, also from China, Germany, Spain and the UK, as well as from France itself. The tax would be imposed on any digital company with revenues of more than EUR 750 million, with EUR 25 million of that generated in France. It is expected to yield EUR 400 million this year and EUR 650 million in 2020. It was announced by Presidend Emmanuel Macron at the end of last year. The president said the money raised will help finance certain social and economic measures for the country. 

Tags: services france digital tax

Category:Telecommunications

Poland to announce new POPC broadband network contract in Q4 worth PLN 580 mln

2019-07-11 09:39:00| Telecompaper Headlines

(Telecompaper) The Centrum Projektow Polska Cyfrowa (CPPC) plans to announce a new contract for the deployment of a broadband network under the framework of the Operational Programme Digital Poland (POPC), reports Telko.in. The invitation to tender bids will be announced in the fourth quarter of this year. According to preliminary data, PLN 580 million will be allocated for this purpose.

Tags: network worth contract poland

Category:Telecommunications

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